Currency changes do not convert amounts. Defaults are illustrative, not regional estimates. Saved calculations keep their currency; use the calculator’s currency control to change it.
Life cover is for the gap, not the goal. Once your portfolio fills the gap, the case for paying premiums fades. See where you stand.
Annual lifestyle cost, time horizon for dependents, outstanding debt that would survive you.
Total portfolio plus existing life cover, and the real return assumption.
Existing insurance closes some of the gap; review whether it still needs to be this big.
Gap of $244,735 after existing cover of . Top up by of term insurance for years, or review whether existing policy size is still right.
Illustrative figures only. Real cover decisions depend on jurisdiction-specific tax treatment of death benefits and dependents' state pensions. For your specific situation, consult a qualified adviser.
Worth tracks the gap between need and net worth year by year and surfaces the right cover at each stage. The years to taper down, the year the gap closes. Join the waitlist.
Yes. If you die, the mortgage is still owed. Either dependents need to keep paying it from the portfolio, or insurance covers it directly. Decreasing-term mortgage life insurance used to be popular for exactly this; the cover shrinks alongside the loan balance, matching the declining need.
Same maths, slightly different framing. Income protection pays a share of salary if you cannot work. Once the portfolio could safely produce that income via safe-withdrawal-rate draws, the cover is optional. Disability cover is similar but binary on the trigger.
For pure protection, yes. Term life is many times cheaper than whole-life or universal-life policies because you pay only for the death benefit, not for cash-value accumulation. Use term for protection during years dependents are dependent. Do not conflate insurance with savings; invest separately.
Every three to five years, or whenever a major life event changes the picture (new dependent, large inheritance, mortgage paid off, significant portfolio milestone). Most people quietly over-pay for cover they have already outgrown.